BOJ Firepower Fizzles as Currency Market Dares Japan to Act

  • Yen’s surge this year has pushed it past 100 per dollar twice
  • Bank of Tokyo-Mitsubishi, Morgan Stanley see further gains

Redeker: FX Inflexibility Behind Yen-Dollar Move

Foreign-exchange traders are becoming increasingly confident that the Bank of Japan won’t stand in the way of further yen strength after the currency surpassed 100 per dollar for the second time this year.

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